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Better Off or not?

jem1961
Posts: 54 Forumite
in Cutting tax
Hi everyone, My daughter aged 20 is moving to a new job with a wage of £13,300 per anum, how much would this be after basic rate tax and Ni has come off, any help will be great, thanks.
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Hi everyone, My daughter aged 20 is moving to a new job with a wage of £13,300 per anum, how much would this be after basic rate tax and Ni has come off, any help will be great, thanks.
Better off than what?
Assuming she's not working or claiming any benefits then she would be £233 a week better off.
source - http://www.listentotaxman.com/13300?:footie:Regular savers earn 6% interest (HSBC, First Direct, M&S)
Loans cost 2.9% per year (Nationwide) = FREE money.
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My daughter aged 20 is moving to a new job with a wage of £13,300 per anum,
Per annum- trust me on this..;)0 -
Sorry about the mistake in spelling Annum, I ask for help and you take the !!!!, enjoy the rist of yur sad life.0
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per annum - annually/yearly
per anum - through the anus
It's something I'd want to be clear on the distinction between to be fair...
What's your actual query though?0 -
It's difficult to give a definitive answer to the question you ask in your post without knowing what your daughter's tax code is or what she has earned already this tax year. However, if she's on the standard code of 1060L then in a full year her take home pay would be £12,131.20 or £1,010.93 per month or £233.29 per week. The actual figures that she'll receive this year could be slightly higher if she's been on a low wage up to now.
Whether she'll be better off or not is of course impossible for us to say because you have omitted to tell us what she earns now.0 -
Sorry about the mistake in spelling Annum, I ask for help and you take the !!!!, enjoy the rist of yur sad life.
Sorry, couldn't resist - think it was images of shoving it where the sun don't shine........:rotfl:0
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